Midway Ltd
Midway Limited engages in the production, processing, marketing, and export of woodfibre in Australia, China, Japan, and Southeast Asia. It operates through Woodfibre, Plantation and Carbon Management, and Ancillary segments. The company provides plantation management services, comprising silviculture services combined with carbon management activities; and purchases and sells third party wood. M… Read more
Midway Ltd (MWY) - Total Assets
Latest total assets as of June 2024: AU$217.45 Million AUD
Based on the latest financial reports, Midway Ltd (MWY) holds total assets worth AU$217.45 Million AUD as of June 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Midway Ltd - Total Assets Trend (2011–2024)
This chart illustrates how Midway Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Midway Ltd - Asset Composition Analysis
Current Asset Composition (June 2024)
Midway Ltd's total assets of AU$217.45 Million consist of 54.2% current assets and 45.8% non-current assets.
| Asset Category | Amount (AUD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | AU$0.00 | 11.4% |
| Accounts Receivable | AU$45.64 Million | 21.0% |
| Inventory | AU$29.70 Million | 13.7% |
| Property, Plant & Equipment | AU$0.00 | 0.0% |
| Intangible Assets | AU$0.00 | 0.0% |
| Goodwill | AU$1.97 Million | 0.9% |
Asset Composition Trend (2011–2024)
This chart illustrates how Midway Ltd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Midway Ltd's current assets represent 54.2% of total assets in 2024, an increase from 0.0% in 2011.
- Cash Position: Cash and equivalents constituted 11.4% of total assets in 2024, down from 11.9% in 2011.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2011.
- Asset Diversification: The largest asset category is accounts receivable at 21.0% of total assets.
Midway Ltd Competitors by Total Assets
Key competitors of Midway Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Sungchang Hold
KO:000180
|
Korea | ₩709.18 Billion |
|
Zhongfu Straits Pingtan Development Co Ltd
SHE:000592
|
China | CN¥3.30 Billion |
|
Fujian Yongan Forestry Group Joint-Stock
SHE:000663
|
China | CN¥1.47 Billion |
|
Dare Technology Co Ltd
SHE:000910
|
China | CN¥9.75 Billion |
|
Dehua TB New Decoration Material Co Ltd
SHE:002043
|
China | CN¥5.71 Billion |
|
Fujian Jinsen Forestry Co Ltd
SHE:002679
|
China | CN¥1.95 Billion |
|
Sun&L Co Ltd
KO:002820
|
Korea | ₩481.80 Billion |
|
Eagon Ind
KO:008250
|
Korea | ₩409.89 Billion |
Midway Ltd - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - Midway Ltd generates 1.27x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Midway Ltd generates $ 0.39 in net profit.
Midway Ltd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 3.64 | 2.00 | 1.84 |
| Quick Ratio | 2.72 | 1.02 | 1.25 |
| Cash Ratio | 0.00 | 0.15 | 0.00 |
| Working Capital | AU$85.45 Million | AU$ 37.50 Million | AU$ 32.48 Million |
Midway Ltd - Advanced Valuation Insights
This section examines the relationship between Midway Ltd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.73 |
| Latest Market Cap to Assets Ratio | 0.16 |
| Asset Growth Rate (YoY) | 11.6% |
| Total Assets | AU$217.45 Million |
| Market Capitalization | $35.21 Million USD |
Valuation Analysis
Below Book Valuation: The market values Midway Ltd's assets below their book value (0.16 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Midway Ltd's assets grew by 11.6% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Midway Ltd (2011–2024)
The table below shows the annual total assets of Midway Ltd from 2011 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-06-30 | AU$217.45 Million | +11.62% |
| 2023-06-30 | AU$194.80 Million | -27.50% |
| 2022-06-30 | AU$268.68 Million | +2.20% |
| 2021-06-30 | AU$262.89 Million | +0.88% |
| 2020-06-30 | AU$260.60 Million | -5.93% |
| 2019-06-30 | AU$277.03 Million | +47.09% |
| 2018-06-30 | AU$188.34 Million | +21.66% |
| 2017-06-30 | AU$154.81 Million | -0.96% |
| 2016-06-30 | AU$156.31 Million | -30.68% |
| 2015-06-30 | AU$225.50 Million | +6.47% |
| 2014-06-30 | AU$211.80 Million | -3.11% |
| 2013-06-30 | AU$218.59 Million | -13.05% |
| 2012-06-30 | AU$251.40 Million | -2.63% |
| 2011-06-30 | AU$258.19 Million | -- |